Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Has anyone used seed capital to secure lines of credit for real estate
I'm looking into securing lines of credit through seed capital LLC, I have maxed out my debit to income ratio with banks and I am self employed, has anybody used this product and is it worth the hit to your credit score? I have an excellent credit score, they have accepted my application but then I find out they are applying for credit cards in my business and personal name. Isn't this something I could do on my own, the fees total $3450 and that secures at least $50K, they have estimated that I could receive $70-80K with 0% interest rate for the first year, what do you think of this strategy